MBT Financial Corp. (NASDAQ:MBTF) Director Michael James Miller acquired 1,064 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $9.65 per share, for a total transaction of $10,267.60. Following the completion of the transaction, the director now directly owns 221,064 shares in the company, valued at $2,133,267.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

MBT Financial Corp. (NASDAQ MBTF) traded up $0.50 during midday trading on Tuesday, hitting $10.15. 79,309 shares of the stock were exchanged, compared to its average volume of 54,270. The firm has a market cap of $221.40, a P/E ratio of 22.07 and a beta of -0.33. MBT Financial Corp. has a one year low of $9.25 and a one year high of $12.10.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 8th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Wednesday, February 7th. MBT Financial’s dividend payout ratio (DPR) is presently 52.18%.

MBT Financial announced that its board has initiated a share buyback program on Thursday, January 25th that allows the company to buyback 2,000,000 shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Separately, BidaskClub upgraded shares of MBT Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its position in MBT Financial by 1.4% during the 2nd quarter. Rhumbline Advisers now owns 19,340 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 260 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in MBT Financial by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 98,490 shares of the financial services provider’s stock worth $956,000 after acquiring an additional 649 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in MBT Financial by 30.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,759 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 4,347 shares during the period. OxFORD Asset Management LLP boosted its holdings in MBT Financial by 35.0% in the 2nd quarter. OxFORD Asset Management LLP now owns 18,334 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 4,758 shares during the period. Finally, Regal Investment Advisors LLC boosted its holdings in MBT Financial by 26.6% in the 4th quarter. Regal Investment Advisors LLC now owns 27,048 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 5,691 shares during the period. 48.99% of the stock is owned by hedge funds and other institutional investors.

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